Holly Corporation Board of Directors Elects David L. Lamp to the Position of President
05 Novembre 2007 - 4:25PM
PR Newswire (US)
DALLAS, Nov. 5 /PRNewswire-FirstCall/ -- Holly Corporation
(NYSE:HOC) ("Holly") today announced that its Board of Directors
has elected David L. Lamp to the position of President. Mr. Lamp
has most recently served in the position of Executive Vice
President, Refining and Marketing, a position he's held since
November 2005. Mr. Lamp joined Holly in January 2004 as Vice
President, Refinery Operations and was responsible for all aspects
of the Company's refining facilities. As Executive Vice President,
Refining and Marketing, Mr. Lamp added the additional
responsibility of the Company's marketing efforts as well as the
responsibility for the capital project development, planning and
execution at the Company's refineries in New Mexico and Utah.
Commenting on this appointment, Matthew P. Clifton, Chairman and
CEO of Holly stated, "Dave has provided outstanding leadership and
experience in his roles at Holly. Dave has been a tremendous asset
to our Company and I look forward to working with him in his new
role as President." Mr. Lamp said, "Holly has one of the strongest
refining teams in the industry. Our team has built considerable
value, and I'm excited about the value creating opportunities that
lie ahead of us. I am truly honored to lead this talented
organization." David Lamp has more than 28 years of technical,
commercial and operational experience in the refining industry.
Prior to joining Holly, Mr. Lamp was the Vice President and General
Manager of El Paso Energy's Aruba refinery complex. Earlier in his
career he served as Director of Operations for KOSA, a polyester
production joint venture between Koch Industries and Saba, where he
oversaw KOSA's 15 chemical and fiber plants in the U.S., Canada,
Mexico and Europe. Prior to joining KOSA, Mr. Lamp had a long and
distinguished career with Koch Industries, spanning more than 20
years. Mr. Lamp rose through various positions of increasing
authority, ultimately becoming Executive Vice President-Refining
and Chemical Operations where he had responsibility for all
operating aspects of Koch's 500,000 barrels-per-day of crude
refining capacity and all of Koch's chemical plants. Mr. Lamp
obtained a Bachelor of Science degree in Chemical Engineering from
Michigan State University. About Holly Corporation Holly
Corporation, headquartered in Dallas, Texas, is an independent
petroleum refiner and marketer that produces high value light
products such as gasoline, diesel fuel and jet fuel. Holly operates
through its subsidiaries a 85,000 barrels per day ("bpd") refinery
located in Artesia, New Mexico and a 26,000 bpd refinery in Woods
Cross, Utah. Holly also currently owns a 45% interest (including
the general partner interest) in Holly Energy Partners, L.P. The
following is a "safe harbor" statement under the Private Securities
Litigation Reform Act of 1995: The statements in this press release
relating to matters that are not historical facts are
"forward-looking statements" within the meaning of the federal
securities laws. These statements are based on our beliefs and
assumptions using currently available information and expectations
as of the date hereof, are not guarantees of future performance and
involve certain risks and uncertainties, including those contained
in our filings made from time to time with the Securities and
Exchange Commission. Although we believe that the expectations
reflected in these forward-looking statements are reasonable, we
cannot assure you that our expectations will prove correct.
Therefore, actual outcomes and results could materially differ from
what is expressed, implied or forecast in these statements. The
forward-looking statements speak only as of the date made and,
other than as required by law, we undertake no obligation to
publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.
DATASOURCE: Holly Corporation CONTACT: Stephen J. McDonnell, Vice
President and Chief Financial Officer, or M. Neale Hickerson, Vice
President, Investor Relations, both of Holly Corporation,
+1-214-871-3555 Web site: http://www.hollycorp.com/
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